Governmental Accounting_en

Syllabus

Governmental Accounting ACCT 3308

Spring 2011

Text:

Michael H. Granof, Government and Not-for-Profit Accounting: Concepts & Practice, John Wiley & Sons, Inc., New York, NY, USA, 4^th. Edition, 2007.

Student Companion Site:: www.wiley.com/college/granof

Class:

Male: Sun. and Tue. 09:00–10:00, Thu. 10:00-11:00, Rm.: K3-106

Female: Sun. and Tue. 09:00–10:00, Thu. 10:00-11:00, Rm.: K3-106

Instructor:

eMad eBrahem AbuShaaban

MSA, Master of Science in Accounting /USA

MMD, Master in Management Development /SPAIN

Dissertation Phase, Ph. D in Accounting /EGYPT

Office Hours: Sun. 11:00–12:00, 13:00-14:00, Thu. 12:00-14:00

By Appointment, Cellular: (059) 9 885 448

Email: emad.abushaaban@gmail.com

Website: http://sites.google.com/site/emadabushaaban/home

Objective:

This course introduces the government and not-for-profit environment, it explains fund accounting, it discusses issues of budgeting and control, it covers recognizing revenues and expenditures in governmental funds, it explains not-for-profit organization, it illustrates health care providers and colleges and universities accounting, also, it elaborate on auditing governments and not-for-profit organizations, Finally, it Introduces the Yellow Book by concluding some governmental accounting and internal control standards.

Grading Scale:

Assignments 10 %, Participation in Class 10%, Mid Term 10%, Final Exam 70%.

Examination questions are tested for validity. If 60% or more of those who respond to a question give an incorrect answer, that question (or part of a question) will be invalidated and the basis of the examination adjusted ; equivalent extra credit is added to the score of those students who answer the question correctly.

Assignment:

For full credit, assignments must be submitted at the beginning of class on the date due. Late assignments are accepted until (1) they are discussed in class or (2) the start of class on Jun. 14. Grades on assignments are reduced proportionate to the extent that they are late.

Class Format:

Lecture, class discussion, solving problems, term papers presentation.

Groups:

Group study and discussion outside of class is encouraged. Group work on assigned exercises and problems from the text is acceptable only if each student submits his or her own copy of the assignment (reproductions are not acceptable). The assignments must be the work of each individual student.

Projects: All assignments are due within 2 weeks after ending chapter.

Calendar/

Week #: 1

Chapter 1: The Government and Not-for-Profit Environment

Presentations:

1. Who Receives Annual Reports?, pp16

2. Will Accounting Changes Make A Difference?, pp22

3. Testing The Theory-Do Investors Adjust for Differences in Accounting Principles?, pp23

4. Assessing The Profitability of A Football Program, pp24

5. Governments and Not-for-Profits May Also be Aggressive in their Accounting, pp25

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. P1-1, P1-3, P1-4, P1-5, P1-6, P1-7, P1-9, P1-10

Week #: 2

Chapter 2: Fund Accounting

Presentations:

1. Statement of Net Assets, pp44

2. Statement of Net Activities, pp45

3. Balance Sheet Governmental Funds, pp46

4. Statement of Revenues, Expenditures, and Changes in Fund Balance, pp47

5. Reconciliation of The Stat. of Rev., Exp., and Changes in Fund Balances, pp48

Assignments:

1. Q1, Q3, Q5, Q7 Q9, Q11

2. P2-1, P2-3, P2-5, P2-7, P2-9, P2-11

Week #: 3

Midterm Exam

Week #: 4

Chapter 3: Issues of Budgeting and Control

Presentations:

1. Budgeting Cannot be Divorced, pp89

2. Federal Budgetary legermain, pp90

3. Misestimating revenues and Expenditures, pp91

4. Do Taxpayers Really Want Honest Budgeting?, pp93

5. Balancing The Budget by Selling Assets to Yourself?, pp94

Assignments:

1. Q1, Q3, Q5, Q7, Q9

2. P3-1, P3-2, P3-3, P3-5, P3-7, P3-9, P3-11, P3-13

Week #: 5

Chapter 4: Recognizing Revenues in Governmental Funds

Presentations:

1. Some Governments May Make Sub-Optimal Investment Decision, pp152

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11, Q13

2. P4-1, P4-3, P4-5, P4-7, P4-9, P4-11, P4-13, P4-15

Week #: 6

Chapter 5: Recognizing Expenditures in Governmental Funds

Presentations:

1. Changing The Pay date by one day, pp174

2. The Usefulness of Reported Fund Balance, pp200

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. P5-1, P5-3, P5-5, P5-7, P5-9, P5-11

Not-For-Profit Organization

Week #: 7

Chapter12: Not-For-Profit Organization

Presentations:

1. Even The Very Wealthy Sometimes Renege on their Contributions, pp493

2. A Gift with Strings Attached, pp497

3. Examples of Contributed Services, pp499

4. When a Contribution Is Not a Contribution, pp500

5. Not-for-Profits, like Corporations, Tainted by Scandals, pp523

Assignments:

1. Q1, Q3, Q5, Q7, Q9, Q11

2. P12-1, P12-2, P12-3, P12-4, P12-5, P12-6, P12-7, P12-8, P12-9, P12-10, P12-11

Week #: 8

Chapter13: Health Care Providers and Colleges and Universities

Presentations:

1. Collection of Errors Adds Up to $21 Million Debacle, pp545

2. Which Set of Standards Do We Follow?, pp558

3. How Auxiliary Enterprises Can Be Misused, pp563

Assignments:

1. Q1, Q3, Q5, Q7, Q9

2. P13-1, P13-2, P13-3, P13-4, P13-5, P13-6, P13-7, P13-8, P13-9, P13-10, P13-11, P13-12

Week #: 9

Chapter15: Auditing Governments and Not-for-Profit Organizations

Presentations:

1. To Whom Should a City Auditor Report?, pp630

2. The Auditors' Dilemma, pp632

3. Findings Must Relate to Program Objectives, pp646

4. Stupid Government Tricks Point to Need for Performance Audits, pp648

5. How Sarbanes-Oxley and IRS May Have Affected the Culture at a Private University, pp649

Assignments:

1. Q1, Q3, Q5, Q7, Q9,Q11, Q13, Q15

2. P15-1, P15-2, P15-3, P15-4, P15-5, P15-6, P15-7, P15-8

3. CIE15-1, CIE15-2, CIE15-3, CIE15-4, CIE15-5, CIE15-6, CIE15-7, CIE15-8, CIE15-9, CIE15-10

Governmental Accounting Standards

Yellow Book

Week #: 10

Presentations:

1. Chapter 1: Introduction to GAS

2. Chapter 2: Types of Government Audits

Week #: 11

Presentations:

1. Chapter 3: General Standards

2. Chapter 4: Field Work Standards for Financial Audits

Week #: 12

Presentations:

1. Chapter 5: Reporting Standards for Financial Audits

2. Chapter 6: Field Work Standards for Performance Audits

Week #: 13

Presentations:

1. Chapter 7: Reporting Standards for Performance Audits

Week #: 14

Presentations:

1. Standards for Internal Control in the Federal Government

Week #: 15

Final Exam

Last date for … Late Assignments

Good Luck